$2,799,999 |
Victoria West
Victoria
for Sale at 614 Esquimalt Rd Victoria
LOFT 614 | WEST BAY · VICTORIA WEST – 11-unit income-producing apartment building offered at $2.8M in an exceptional Victoria West location near West Bay and the harbour waterfront. Suite mix includes 9 one-bedroom apartments approx. 600 SF each + 2 two-bedroom apartments approx. 750 SF each. Currently 9 occupied, 1 vacant and 1 under renovation, creating immediate lease-up and income-growth potential. 2025 reported NOI approx. $110,003, representing a 3.93% cap rate. Based on supplied scheduled rents and tax-adjusted expenses, illustrative full occupancy produces approx. $134,655 NOI / 4.81% cap. Approx. 7,446 SF building with 12 parking spaces reported, shared laundry, lockers and bike storage. LI-1 zoning with site-specific residential permission for 614 Esquimalt if constructed before Jan. 1, 1975. Income today. Upside tomorrow. Own a piece of Victoria West. Buyer to verify all information. Due diligence package available. (id:6289)
Financial and Mortgage
| List Price |
$2,799,999
|
| Original Price |
$2,799,999
|
| Monthly Payment |
$11,675/month
Get Prequalified
|
| Days on Website |
4
|
614 Esquimalt Rd Details
Show Less
Construction and Lot
| Year Built |
1969
|
| Parking Spaces |
12
|
| Has Basement |
No
|
| Cooling |
None
|
| Heating |
Baseboard heaters, Electric
|
| Features |
Central location, Private setting, Irregular lot size, Other
|
Exterior of 614 Esquimalt Rd
| Type |
Multi-family
|
| Sub-Type |
Freehold
|
| View |
City view, Ocean view
|
| Features |
Central location, Private setting, Irregular lot size, Other
|
Victoria West Information
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